Settle mismatched IGST refunds focus on recoverable arrears. CBEC Chief admits that number of IGST refunds are stuck due to invoice/other mismatch
The Chairman, Central Board of Excise and Customs in its latest communication dated 23rd February, 2018 inter alia acknowledged that number of IGST refunds are stuck due to invoice mismatch and other mismatches.
According to the letter, an interface has been developed in ICES where Customs officers can process refund claims and sanction refund. The CBEC Chief has requested all the concerned Chief Commissioners to ensure that all pending refund claims arising due to invoice mismatch or other mismatch which need rectification are processed and settled on a priority basis.
It has been advised that detailed Circular No. 5/2018 dated 23rd February, 2018 issued by the Board on the subject of Refund of IGST on Export– Invoice mis-match Cases-Alternative Mechanism with Officer Interface may be studied for taking further necessary action.
Also, the CBEC Chairman has drawn attention to the recovery of arrears as an area of concern requiring immediate attention. All Chief Commissioners have been asked to to focus on arrears that are not locked in litigation and are clearly recoverable.
RBI specifies ‘Related Party’ with respect to bank RBI has issued RBI Credit Risk Management Directions, 2025 defining ‘Related Party’…
Advisory on Filing Opt-In Declaration for Specified Premises, 2025 Dear Taxpayers, The relevant declarations issued vide Notification No. 05/2025 –…
FAQs for HSNS Cess Act, 2025 and HSNS Cess Rules, 2026 Q1. Who is required to get registered under the…
Refusing to condone delay can result in a meritorious matter thrown out at very threshold against case being decided on…
When prior period expenses are not admissible as deduction, following the same principle the prior period income also cannot be…
Supreme Court condoned delay of 972 days in filing appeal due to restructuring in Income Tax Department In a recent…